A misrepresentation is material if:
a. it would likely induce a reasonable person to enter into a transaction.
b. the maker does not know it would likely induce the other party to enter into the transaction.
c. it is made knowingly.
d. All of these.
a
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A central bank that is explicit about its goals and plans is said to be
A. obvious. B. transparent. C. translucent. D. opaque.
Which type of person sees personal domain as the measure of spiritual health?
A. personalists B. communalists C. environmentalists D. religionists
The dimension of project success that is realized last (chronologically) is:
A) Future potential. B) Business success. C) Impact on the customer. D) Efficiency.
Cardinal Corporation reported pretax book income of $3,000,000. During the current year, the reserve for bad debts increased by $200,000. In addition, book depreciation exceeded tax depreciation by $100,000. Cardinal sold a fixed asset and reported a book gain of $60,000 and a tax gain of $80,000. Finally, Cardinal deducted $50,000 of domestic production activities deduction on its tax return. Compute Cardinal's current income tax expense or benefit.
What will be an ideal response?